GBP/USD - British Pound Dollar, European Session - 28/01/08

  @ibtimes on

210,01. GBP USD broke 211,20 support. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 209,00. If the support is broken then the target will be 205,50 (450 pips).

Resistances
211,10 - 212,30
Supports
209,00 - 207,00

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